IHT Wealth Management LLC Purchases 447 Shares of S&P Global Inc. (NYSE:SPGI)

IHT Wealth Management LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 21.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,548 shares of the business services provider’s stock after purchasing an additional 447 shares during the period. IHT Wealth Management LLC’s holdings in S&P Global were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Investment Management Corp of Ontario grew its holdings in S&P Global by 48.9% in the 3rd quarter. Investment Management Corp of Ontario now owns 10,664 shares of the business services provider’s stock valued at $5,509,000 after buying an additional 3,500 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of S&P Global by 5.1% in the third quarter. Janus Henderson Group PLC now owns 289,480 shares of the business services provider’s stock valued at $149,538,000 after acquiring an additional 13,952 shares during the period. Harris Associates L P grew its stake in shares of S&P Global by 8.2% in the third quarter. Harris Associates L P now owns 1,104 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 84 shares in the last quarter. HighTower Advisors LLC increased its position in S&P Global by 7.9% during the third quarter. HighTower Advisors LLC now owns 173,802 shares of the business services provider’s stock worth $89,939,000 after acquiring an additional 12,719 shares during the period. Finally, Hilltop Holdings Inc. raised its stake in S&P Global by 605.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 13,323 shares of the business services provider’s stock worth $6,882,000 after purchasing an additional 11,435 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE SPGI opened at $513.89 on Friday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock has a market cap of $159.46 billion, a PE ratio of 45.36, a PEG ratio of 2.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s fifty day moving average price is $509.41 and its two-hundred day moving average price is $487.26.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s dividend payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SPGI shares. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, BMO Capital Markets cut their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.